Guide to Completing the PST Return

Overview

If you’re a PST registered business that has an eTaxBC account, you can file PST returns and pay PST using the eTaxBC online system. eTaxBC is the easiest and fastest way to file your PST returns and pay your taxes. Learn more about creating an eTaxBC account.

If you’re a PST registered business that hasn't signed up for an eTaxBC account, you’ll receive a paper PST return by mail at the end of each reporting period.

Your completed PST return and payment must be received on or before the last day of the month following the end of the reporting period.

You use the PST return to:

calculate and pay the PST collected on your sales during your reporting period

self-assess and pay the PST due on items you purchased during your reporting period for business or personal use without paying PST

You must file a PST return even if you didn’t make any taxable sales or have any PST to self-assess during the reporting period.

Don’t use your PST return to pay any other amounts you owe us, such as amounts owing from an audit or fees for a dishonoured cheque. In these cases, you'll be sent a separate notice that includes payment instructions.

This means you report the PST on the PST return and you report the MRDT on the MRDT Return. While PST and MRDT must be reported on separate returns, you may remit a single payment to cover both returns. Read the Guide to Completing the MRDT Return.

Completing the Provincial Sales Tax Return Worksheet

Enter all amounts in Canadian dollars.

Step 1

Box A - Total Sales and Leases

Enter the total amount of all your sales and leases in Canada for the period including:

taxable and non-taxable sales or leases, including accommodation

any conditional sales or sales on installments

sales or leases made on credit

sales of propane, regardless of whether PST or Motor Fuel Tax is applicable

Don't include any tax.

Step 2

Box B - Tax Collectable on Sales and Leases

Enter the total amount of PST collectable (either collected, or charged but not collected) on all taxable sales and leases. This includes PST you may have incorrectly charged to your customer.

Note: Your customer may be entitled to a refund of the PST they were incorrectly charged. If you refund your customer after you remitted the PST to us, you can claim an adjustment on your next return - See Step 4 for more information.

If applicable, also include the:

0.4% ICE Fund tax amounts collectable on sales of energy products

$1.50 per day Passenger Vehicle Rental Tax collectable on leases of passenger vehicles

Box C – Commission

Enter the commission amount as detailed on the worksheet. To be eligible for commission, you must file your return and pay PST in full by the due date. If you’re using eTaxBC this box is calculated for you.

If your business operates more than one location under the same legal entity and you receive separate PST returns for different locations, you may only claim commission on one PST return. We will designate one of your locations as the primary account and the other locations as secondary accounts. Commission can only be claimed on the PST return for the primary account and is to be calculated only on the amount of PST remitted under the primary account.

If you operate more than one location and receive only one PST return, commission is calculated based on the total PST collectable from all the locations operated by the same legal entity.

To ensure you’re eligible for the maximum commission allowance possible, you may consolidate your activities under one account and receive only one PST return per period. For more information, please contact us.

Box D - Net Tax Due on Sales and Leases

Enter the total PST collectable on all sales (Box B) minus your commission allowance (Box C). If you’re using eTaxBC this box is calculated for you.

Box F - Tax Due on Purchases and Leases

Box G - Tax Payable Before Adjustments

Enter the total of the Net Tax Due on Sales and Leases (Box D) plus the Tax Due on Purchases and Leases (Box F). If you’re using eTaxBC this box is calculated for you.

Step 4

Adjustments

You must keep supporting documentation for any adjustments you claim. We may contact you to request documentation to verify the adjustment amounts claimed or they may be requested during an audit.

Box H - Tax on Bad Debt Write-Off

Enter the amount of PST remitted (paid) on goods sold on credit where the debt was later deemed uncollectable and written off.

You must claim this adjustment in the same reporting period that the amount payable was written off. If you don’t claim the adjustment in the same reporting period, you must apply for a refund. You must apply for the refund within four years of the date the amount was written off. Learn more about bad debts in Bulletin CTB 001, Bad Debts (PDF).

If you received partial payment prior to write-off, calculate the amount of the adjustment using the following formula:

Box I - Tax on Amounts Refunded or Credited to Customers

Enter the amount of any PST that you credited or refunded to your customers but have previously remitted to us. For example, PST you refunded to your customer to correct a billing error.

You must claim this adjustment in the same reporting period that you credited or refunded your customer. If you don’t claim the adjustment in the same reporting period, you must apply for a refund. You must apply for the refund within four years of the date the amount was refunded.

Box J - Total Adjustments

Enter the total of the amounts claimed in Box H and Box I. If you’re using eTaxBC this box is calculated for you.

Step 5

Box K - Total Amount Due

Enter the total of the amount from Box G minus the amount from Box J. If you’re using eTaxBC this box is calculated for you.

The amount calculated in Box K is the amount of PST you owe. You must pay the full amount in Box K to avoid any interest or penalty charges. If the amount calculated is negative, a credit will be applied to your account.

Filing and Paying

eTaxBC Account Filers

Once you’ve completed the PST return worksheet, follow the instructions in eTaxBC to file and pay your return. To avoid penalty, interest and loss of commission, you must file and pay your PST return on or before the due date.

Mandatory Electronic Filers

If you're a business with at least $1.5 million in total Canadian sales and leases per year, you are required to file your returns and remit PST electronically. If you don't use eTaxBC to file and pay PST electronically, use the options below.

Not all financial institutions offer online banking, electronic funds transfer or electronic filing and payment services. Check with your financial institution to see what services they offer.

Paper PST Return Filers

Front of Remittance Form

If your identification information is pre-printed on your PST return, check that all the information is correct. If any information is wrong, write the correction on the remittance form. If you’re completing a blank PST return, enter the information indicated below in the corresponding fields on the remittance form.

It’s important that you notify us if you’ve closed your business because we will continue to send you PST returns. If you don’t file the returns, you’ll be billed for estimated PST due, plus penalty and interest.

Business Number - enter your nine digit business number.

Registration Number - enter the PST number you were given when you registered to collect PST.

Due Date - if your reporting period is one or more months, your due date is the last day of the month after the end of your reporting period. For example, if you’re reporting for a period ending July 31, the due date for your PST return is August 31.

Businesses with accounting periods that don't correspond to calendar months, such as businesses with 13-period fiscal years, that have requested PST reporting periods that match their accounting periods have a due date that's 30 days after the last day of the reporting period. For example, if your reporting period ends on June 23, 2013, the PST return and payment are due no later than July 23, 2013.

Period Covered - enter the reporting period for the PST return you’re filing. If you’re filing a revised return, enter the reporting period of the original return.

Amount Paid - enter the total amount of your payment enclosed.

Back of Remittance Form

Enter the amounts from the worksheet in the corresponding boxes on the remittance form. If you’re filing an amended PST return, make sure you check the “Amended” box on the remittance form.

Complete and sign the certification section and detach the completed remittance form. Keep the PST worksheet for your records.

Filing Your Return

To file your PST return, send us the completed remittance form along with full payment:

To avoid penalty, interest and loss of commission, PST returns and full payment must be received and dated on or before the due date by a financial institution, Service BC Centre or our office. If mailed, the PST return with full payment must be postmarked by Canada Post on or before the due date. Meter marks and non-Canadian postmarks aren't used to determine if a return or payment is on time.

Fees apply to any dishonoured payments.

Contact Us

If you have any questions about filing and paying your PST return, please contact us at:

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